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$NTES NETEASE to benefit from Chinese stimulus.NetEase, Inc. is a prominent Chinese internet technology firm established by Ding Lei in June 1997. The company offers a diverse range of online services encompassing content, community engagement, communication, and commerce. It specializes in the development and operation of online games for both PC and mobile platforms, alongside advertising, email services, and e-commerce solutions within China. As one of the largest players in the global internet and video game industry, NetEase also manages several pig farms. Additionally, it features an on-demand music streaming service. Notable video game titles from NetEase include Fantasy Westward Journey, Tianxia III, Heroes of Tang Dynasty Zero, and Ghost II. From 2008 to 2023, the company was responsible for the Chinese versions of popular Blizzard Entertainment games, including World of Warcraft, StarCraft II, and Overwatch. In August 2023, NetEase unveiled a new American studio, spearheaded by veterans from Bethesda and BioWare.
NASDAQ:NTESLong
by BallaJi
THE MOST Bullish chart you will see today!Is of the Shanghai composite. A beautiful HVF is nearing pattern triggering,. Early accumulation is probably warranted! Isn't now the most bearish FUD, over the Chinese economic miracle you have ever seen in a lifetime. The chart is telling a different story of consolidation of its extreme growth and continuation of it's remarkable rise. A quadrupling on the index means some of the underling securities will yield life changing gains. I haven't done any due diligence on individual names But an #ETF to keep an eye on is #KWEB Which is a basket of Chinese internet stocks.
SSE:000001Long
by BallaJi
2
BTC Fill 8.8K Gap Before Piercing Through Downwards Channel @10KAmazing to see bitcoin go up 40%+ in less than 24 hours. With it not closing above 10K, it leave plenty of room under this newly found resistance. On a lower timeframe, we had a cup & handle that failed to break out. What is needed is to stay above the 200 day MA long enough until the 15 & 50 day MAs are above it, which is fine. I expect a possible cool off down to ~$8.8 range. Would love for us to go flat here and slowly drive through 10K and bounce off of that a few times.
COINBASE:BTCUSD
by fthree111
2
S&P500/AUD falling down from Trump Within the past couple days, President Donald Trump proposed a new tariff of 10% for the $300 billion dollar Chinese imports. This new tariff will take action on September the 1st. Markets to keep a watch from this impact include the following; SSE:000001 HSI:HSI ASX:XJO All of the above index's will have the most impacts. I believe trump has made this tariff increase, in order to seek more profits and to encourage more manufacturing within the united states than China. This is only the beginning with trump mentioning that he could increase them well beyond 25%, this will impact all markets. With the new increase on tariffs, it is to be considered that Consumer Price Indexes from the markets above WILL be affected in some way. This includes NASDAQ:AAPL to increase the price of IPhones and other Apple products. This increase also impacts commodities such as gold. Car manufacturing will also be effected. To conclude, keep an eye out for the above markets and to watch the media regarding Trump and Xi.
ASX:XJOShort
by bailey707
1
Avnet uptrend retreat - Hammer @50smaAVT has been in a consolidation pattern since July 10th, with a bull technicals behind. Last candle today is a hammer. Showing buyer strength when price fell to $43.6. Technical data Price just below SMA(50) Price just above SMA(200) RSI @56 trending higher OBV confirming trending higher Directional move index turned positive If we can continue above the SMA(50); that would confirm the trend. ** I recommend not buying until we see Monday sentiment after Trump's meeting with Xi. Happy trading! dorfmanmaster
NASDAQ:AVTLong
by dorfmanmaster
ASX200 Sell Off. We are drifting upwards on Trump- Xi talks although we are still bouncing between Fibonacci shorts. What will happen if Trump and Xi do not have a good talk and reach no agreement? We will see another sharp sell off. Trumps angry tweets when he gets back to his hotel room will propel that. According to my analysis we are in the midst of another 10% sell off (from where my forecast start) We touched that level and I think we will see another complete 10% sell off with a big wick. Do not buy Indices yet only look to short them. China is stubborn and they will take there time to address this matter, they investment optimism in Africa and they are looking to move away from the USA. Major US companies are not doing well and are still have many present problems (Apple, Facebook)
ASX:XJOShort
by SnipingRabbit
GDX to TEST below 2016 LOWS? USDCNH Devaluation GDX KillerAlthough gold futures finished fractionally higher on the day, it has closed lower on the week. This now marks the fourth consecutive week in which gold futures have closed lower and below the open on Monday. When we look at a weekly candlestick chart, we can see that even though gold closed, in essence, unchanged, it is a red colored candle indicating the close is below the open for the week. Over the last eight weeks, gold has only closed higher on only one occasion. More significant is the fact that over the previous two months gold has lost almost $100 in value. The last two months we have seen the U.S. dollar remain strong, and the U.S. equities markets continuing to hold firm and recover from the three-week selloff which began during the week of June 11. U.S. equities have gained value for the last five consecutive weeks when viewed through the Dow Jones Industrial Average. This strong risk-on environment created from rising equities prices coupled with dollar strength and rising interest rates have made safe-haven assets maintain a defensive posture. Dollar Index Closes Above 95 Although the dollar gained only fractionally today, on a weekly basis the index closed above 95 for the first time since July 2017 (on a daily chart the dollar closed at 95.11 on June 28). As of 4:30 PM Eastern standard time, the dollar index is up 0.05% and trading at 95.04. The only event holding the dollar back this week was today’s jobs report which showed that in July the U.S. gained 157,000 jobs. This was below the analyst's estimates (MarketWatch forecast) which predicted that 195,000 jobs would be added in July. The steady and growing U.S. economy continues to weigh on gold prices. As long as economic forecasts continue to reveal stability and growth, the U.S. dollar should remain firm and precious metals pricing will continue to trade under pressure. Spot gold fared much better than gold futures today resulting in a gain of $5.90. Currently, spot gold is fixed at $1,213.10. On closer inspection, today’s gains were the direct result of traders bidding up the precious yellow metal accounting for a gain of $6.50, but fractional gains in the dollar index took away $0.60 of value. On a technical basis, gold futures were able to hold above a critical support level which resides at $1,218. This level is a 0.618% retracement created from the lows ($1,124) gold traded to at the end of 2016 to the highs achieved at $1,369 this year. Below this level is a psychological support level of $1,200 per ounce, followed by a support level at $1,178 which is the 0.78% retracement level. Currently, we have major resistance at $1,240 per ounce. Wishing you as always, good trading
AMEX:GDXShort
by rocktradr